September 17, 2012 / 2:57 PM / 5 years ago

Sberbank's SPO order book fully subscribed: sources

MOSCOW (Reuters) - The order book for a 7.6 percent stake in Sberbank (SBER.MM), being sold by the Russian state in a $5 billion-plus secondary offering, is fully subscribed, market sources said on Monday.

Russia launched the long-awaited stake sale to reduce its stake to 50 percent plus one voting share, setting a minimum price for the 1.7 billion shares on offer at 91 roubles - a 6 percent discount to Friday's close of 97.05 roubles.

Reporting By Olga Popova; Writing by Megan Davies; Editing by Melissa Akin

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